Trump Memecoin Dump Follows Gala Hype

Trump Memecoin Dump Follows Gala Hype
Trump Gala Over, Top Memecoin Holders Dump Tokens on the Market

Main notes

  • Trump Token fell 8.84 %, with senior owners delivered $ 394 million of distinctive symbols before the May 22 party.
  • 92 out of 220 wallets came out of the juveniles before the event, which raised trading fears from the inside.
  • The ceremony faced a violent reaction and called on the lawmakers to transparency amid an overlap of the coin.

The latest market data shows a sharp decrease in the official Trump

Trump
12.85 dollars



24 hours fluctuation:
0.3 %


The maximum market:
$ 2.57 b



Folder. 24h:
951.17 dollars

Distinctive symbol prices. This development comes shortly after the encryption dinner hosted by US President Donald Trump. Market monitors are now showing concerns about manipulation of the potential market.

Trump holders come out of the exit sites before the start of the ceremony

According to reports, Trump Chefir took place on May 22. After announcing the dinner, the Trump code increased by 30 %. The event was attended by the best 220 Trump holders, the Mimi currency that attracted global attention in recent months.


It should be noted that a dinner was planned to collect the distinguished symbol holders together and celebrate the progress of assets. Reports indicate that this event had an international call, with 72 % of those present from outside the United States.

According to reports, the guests kept about $ 394 million of the Trump code before the event. I had the 25 best arrival wallets, which included a special session with President Trump before dinner.

However, things began to go south even before the guests arrived. For context, market numbers showed early sale signs. Despite the exclusive invitation, Blockchain data appears that 92,220 qualified portfolio is sold fully off their property before dinner. The sudden step raised a decrease of 14.84 %, which led to a decrease in the distinctive code to $ 13.36.

After this event, the number of symbols kept by the largest governor decreased from 11.3 million to only 7 million. Many believed that this decrease is a strategic sale by the informed who took advantage of the noise at the ceremony.

It should be noted that the general reaction to the event shows how the unpredictable metal currencies can be. It reveals the amount of relying on them on celebrity propaganda. For example, the founder of the Binance Changpeng “CZ” Zhao has recently played a new MM noise on X after asking a simple question about dogs.

Interestingly, this post has completely created a new Mimi currency project. This indicates that a lot of the meme’s coin space works on noise instead of solid foundations.

The political reactions that overwhelmed Trump’s currency party

It should be noted that, regardless of the financial influence, the Trump Token dinner has caused severe criticism from legislators and demonstrators. Outside of the event, the demonstrators accused the president of using digital assets of doubtful political dealings with some members of the United States Conference, and they repeated their concerns.

Senator Chris Murphy criticized this event publicly, describing it as a corrupt preparation. He pointed out that providing access to the president in exchange for investment of encryption created a dangerous link between policy and financial speculation. Murphy is a student to cancel the full guest list if the dinner is legitimate.

Based on the feelings of the market, the official Trump currency rises, just like many other coins, and decreases on the basis of noise. Many of these currencies do not have strong use cases, so their value often changes with general mood or major events. This makes it risky for most investors, according to critics.

This reveals the intention behind the introduction of the democratic legislator, Sam Lixkdo, to a draft law to ban government officials from the launch of Memecoins. This proposal was made after President Trump and First Lady Mimikwins issued earlier this year.

the next

Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.

Altcoin News, Crystone News, News


Benjamin Jodfrey is a blockchain lover and journalist who enjoys writing about the real life applications of Blockchain technology and innovations to pay public acceptance and complementarity all over the world for emerging technology. His desire to educate people about encrypted currencies inspire his contributions to the media and famous sites in Blockchain.

Godfrey Benjamin on X

The post Trump Memecoin Dump Follows Gala Hype first appeared on Investorempires.com.